ERHC Energy Inc (ERHE)

[Krombacher]

5 zeros, 6 zeros, it doesn't matter.

The evidence that it didn't matter is a volume of zero and no one scared enough by 5 zeros to sell their shares.


In fact, you really have to wonder what the strategy of 5 zeros is. After all, even if a long is desperate for money and eager to sell, do you really think they're going to sell at 5 zeros where the commission on the trade likely eats up any proceeds they would get?

It's a stupid strategy on the part of short sellers... but they are free to play all the share price games to their heart's content because in the end, all that matters is the price they cover at.


If they were super smart, shorts would offer a penny or two and see if they can grab any takers. But no, they can't even do that because offering a penny or two is a short squeeze catastrophe into the dollars.


So I guess, the only thing they can do is 5 zeros after all, in hopes that someone, anyone would be scared... and yet a volume of zero suggests that no one is.


So... we wait until Total hands them their fate... which is for the shorts to lose all the money they have.

I'm just happy the shorts got milked while the milking could still be had for a pittance. That will prove to be one of the great accomplishments by longs.

Krombacher